Monday, 10 November 2008

AI 135 Lifetime Entertainment acquires Roiworld.com so woman can have fun dressing up in the Virtual World


Lifetime Entertainment Services is a joint venture of Hearst Corp. and Disney. It’s Lifetime Networks, the pioneer of TV for women on cable networks, has announced today that it has acquired South Korean casual gaming startup Roiworld.com for an undisclosed price.

New York-based Lifetime will open a game development studio in Seoul to create more online games.

By early next year, Lifetime plans to have a U.S. version of the site with more than 1,000 casual games targeting females beginning early next year.

The games will focus on members dressing up avatars, or characters, in virtual clothing and social networking.

Andrea Wong, Lifetime chief executive, said that the Lifetime audience wants to have an escape from real life, whether on TV with the Lifetime channel or in the digital realm with something like Roiworld.

Kris Soumas, head of Lifetime Games, will oversee the entire games effort.

The game studio in South Korea will be run by Kiseo Kim, founder of Roiworld.com.

The deal is the latest connection between traditional media and the video game industry.

Roiworld has plenty of traction. It had 2.8 million monthly unique visitors in September and 117 million page views.